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S Kumars Nationwide : (SKNL) reported a good increase in its consolidated net profit for the second quarter ended Sep. 30, 2008. During the quarter, the profit of the company rose 35.7% to Rs 586.4 million from Rs 432.1 million in the same quarter, previous year.Revenue earned for the quarter rose 43.3% to Rs 5,604.9 million from Rs 3,911 million in the same quarter, last year.
During the quarter, the company reported earnings of Rs 2.68 a share, registering a growth of 25.23% over same period last year.
Operating profit during the latest quarter increased 57.2% from a year-ago to Rs 1,333.1 million.
Nitin S. Kasliwal, vice chairman and managing director of SKNL said, ``The company is happy to announce a healthy financial and operating performance in a market characterized by varying and challenging conditions. Revenues for the quarter have increased by over 43% over the corresponding quarter last year.``
``During the quarter, the company has also been successful in expanding the reach of its products across segments and all the brands under the SKNL umbrella have increased their retail presence. The company would maintain its growth momentum and we are confident that we will show resilience,`` he added.
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